Overview
A tax cap places an upper bound on the amount of government tax a person might be required to pay. In this case the tax is said to be capped.
Navigation
Payroll Management ► Support Entities ► Cost Item Management ► Tax Cap Summary
Tax Cap Summary screen Fields
Field | Description |
Code | ID for the Tax Cap Summary. It is a system generated code. |
Description | Detailed description of the Tax cap Summary. |
Tax Cap Effective Date Tab | This tab shows the applicable date of the Tax Cap. |
Overview
This Tab shows the application date of the tax cap.
Tax Cap Effective Date screen Fields and Tab
| Field | Description |
| Effective Date | This effective date indicates when the tax cap ranges will take effect. |
Overview
This tab shows the amount limit of the tax cap.
Tax Cap Ranges screen Fields
Field | Description |
Minimum Amount | The minimum amount of the Tax Cap to be defined for the amount range. |
Maximum Amount | The maximum amount of the Tax Cap to be defined for the amount range. |
Fixed Amount | The fixed amount of the Tax Cap to be defined for the amount range. |